hiphophooray123
Twisted firestarter
selling cocaina
lol. So now that 100k is 1k....hiphophooray123 said:selling cocaina
Yes, I've broken even (I'm up a bit, actually) but I know that westpac will go back up in the next few months. I'm quite comfortable with my standing: I meant for WBC to be a short-term investment, but it's going to turn out to be a 3-6 month one. Either way I don't really lose.zimmerman8k said:So with the brokerage fees your back to where you started, if not behind. Seriously Stas, get out of the share market. $20 000 is typically cited as a conservative minimum amount of money you should be prepared to invest for shares.
41BackCountrySnow said:lol. So now that 100k is 1k....
harsh...hiphophooray123 said:
i bought woolies and westpac todaystazi said:Yes, I've broken even (I'm up a bit, actually) but I know that westpac will go back up in the next few months. I'm quite comfortable with my standing: I meant for WBC to be a short-term investment, but it's going to turn out to be a 3-6 month one. Either way I don't really lose.
If I had more money now, I'd certainly buy some ANZ/Woolies/AGS shares.
nah, i spoke to the CEO and she was all like "it'll go up" so I know it's true. Substitute know with predict at high certainty.JFK said:No, you don't.
do you need 250k for that type of trading, or could you have done something similar with say 25k?JFK said:If I had $250,000 capital I would've made ~$70,000 today derivatives trading.
CentrelinkBackCountrySnow said:Where do you uni students get so much money to put into shares?
i dont understand why that would make it go up...stazi said:apparently the grain commodities market is going to go up a shitload due to flooding killing a large part of the US grain sector. It already went up significantly today.
Lower supply causes an increase in price, as consumers compete against each other for reduced levels of wheat.BackCountrySnow said:i dont understand why that would make it go up...
Yes, but I'm saying those things based on how big the problem is vs. how much they rose. The grain price may go up 4-5% over the next week, then drop back down to what it was. That 4-5% is nothing on a 2k investment, but would be significant if you had $100,000 which is what I think a lot of traders will capitalise upon over the next few days.zimmerman8k said:If you think you can take basic pieces of information that everyone has access to and use them to beat the market in short term trading you really are a fool.
Now I know you're not a fool, but you are extremely over confident. Your expectations about your ability to make profits based on one or two trades is akin to a gambler's mentality.
don't you need lots of money to short stock. i recall there being high fees for doing so?JFK said:seriously though, just short some SPI 200TM Index Futures
/do not rely on this financial advice or sue me if you fail
Have you thought of options trading?stazi said:don't you need lots of money to short stock. i recall there being high fees for doing so?
Also, I find shorting to be even more like gambling ( if i understand shorting correctly). If you sell short in a week, then you have to sell regardless of the share price a week later, even if you're going to get pwned. If you buy shares 'regularly', then you have the option to hold onto the shares for as long as you want.